Jul 2, 2018

Key Tesla engineer won't return to company

The Tesla brand logo. Photo: Robert Alexander/Getty Images

Doug Field, Tesla's senior vice president for engineering, is leaving the Silicon Valley electric automaker, one day after the company announced it'd successfully met production targets on its Model 3.

Why it matters: Field, who has been on leave since May, is one of numerous top Tesla executives who have left the company in recent months. The turnover comes at a critical time for the automaker that's seeking to further ramp up production of the Model 3 sedan while preparing to launch new products including an electric semi-truck.

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Debt crisis awaits in emerging markets

Illustration: Eniola Odetunde/Axios

Many of the world's poor and developing countries could begin defaulting on their bonds in the coming weeks as the coronavirus outbreak has led to massive outflows from emerging market assets and real-world dollars being yanked from their coffers.

Why it matters: The wave of defaults is unlikely to be contained to EM assets and could exacerbate the global credit crisis forming in the world's debt markets.

Netanyahu re-enters coronavirus quarantine after health minister tests positive

Photo: Gali Tibbon/AFP via Getty Images

Israeli Prime Minister Benjamin Netanyahu re-entered self-quarantine on Thursday after his health minister, Yaakov Litzman, tested positive for coronavirus, according to the prime minister's office.

Why it matters: The development comes less than 24 hours after Netanyahu exited several days of self-quarantine after one of his aides tested positive last week. Litzman's infection is even more damaging to Israeli senior government officials, including Netanyahu's national security adviser and the director of the Mossad, as many were in close contact with him in the past week and now face self-isolation.

A new American coronavirus consensus

A hospital tent city rose in Central Park this week. Photo: Spencer Platt/Getty Images

Something surprising is unfolding amid the finger-pointing and war-gaming about the coronavirus threat to America: A general consensus is forming about the next 60 days of wait and pain.

Why it matters: America has a chance to return to some semblance of normal in late May or June, gradually and perhaps geographically, but anything extending beyond that would still be too catastrophic to consider.

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